Square-Enix Profits Expected to Plunge

Square-Enix will be releasing its final 2010 financial report very soon with the expectation that profits will have plunged up to 89% during fiscal 2010 and with revenue 28% lower than the same time period as fiscal 2009. Despite lackluster profits, SE's president, Yoichi Wada believes that new staffing and long-term planning implemented in late 2010 and a strong console/iOS lineup will bring revenue back into line as 2011 progresses.

"In other platform areas including PCs and smartphones, we have created successful examples of new content such as Nicotto Town and SENGOKU IXA. By pursuing these two independent markets, we are raising our ability to succeed in diverse business models."

Despite the hard times, both Kane & Lynch 2 and Dragon Quest Monsters Joker 2 sold over a million copies during Q3.